Thursday, August 21, 2025
14.4 C
Gaborone

BERA Moves to Revoke Dormant Petroleum Import Licences

The Botswana Energy Regulatory Authority (BERA) has announced sweeping changes in the issuance and management of petroleum product import licences, citing widespread inactivity among licence holders and concerns over potential misuse.

In a press statement released yesterday, BERA said performance monitoring revealed that only a handful of licensed companies are actively importing petroleum products, despite the large number of licences issued since the regulator began operations in September 2017. The Authority also noted “disturbing allegations” that some dormant licences may be exploited in the market.

To address this, BERA has invoked Section 46 of the Botswana Energy Regulatory Authority Act, which empowers it to revoke unused licences. However, licence holders will first be given an opportunity to justify why their permits should not be withdrawn. All current import licence holders have been instructed to schedule meetings with the Authority through designated officers.

Further tightening the regulatory framework, BERA has introduced a new requirement that all applicants for petroleum import licences must demonstrate ownership or rental of a licensed storage facility. The Authority says this condition will ensure accountability and strengthen supply chain oversight.

Dr. Never Tshabang, BERA’s Chief Executive Officer, emphasised that the move aligns with the Authority’s mandate to regulate the energy sector effectively. “We are committed to ensuring that petroleum imports are conducted transparently and responsibly, safeguarding national supply security while protecting the integrity of the market,” he said.

The decision follows BERA’s ongoing monitoring of petroleum import volumes in collaboration with the Botswana Unified Revenue Service (BURS). Regulations enacted in 2024 already require importers to submit annual consumption projections, sourcing information, and volume reconciliations.

The new measures are expected to streamline the petroleum importation process and promote greater compliance within the sector.

Hot this week

Minister Ntsima Receives Qatar Based Investors

The Minister of Trade and Entrepreneurship, Tiroeaone Ntsima has...

BSE Defies Economic Headwinds With Explosive Growth in 2025

Capital market turnover surges 69% as equities and ETFs...

Qatar’s Bold African Investment Campaign: Sheikh Mansour’s Multi-Billion Dollar Investment Diplomacy Drive

In a stunning display of diplomacy, compassion and friendship,...

SADC Leaders Called on to Unite for Intra-Trade Success

Botswana President Advocate Duma Gideon has called on Southern...

Optimism As U.S. Revises Botswana’s Reciprocal Tariff Rates

Reduces tariffs from 37% to 15% Botswana has welcomed the...

Topics

Minister Ntsima Receives Qatar Based Investors

The Minister of Trade and Entrepreneurship, Tiroeaone Ntsima has...

BSE Defies Economic Headwinds With Explosive Growth in 2025

Capital market turnover surges 69% as equities and ETFs...

SADC Leaders Called on to Unite for Intra-Trade Success

Botswana President Advocate Duma Gideon has called on Southern...

Optimism As U.S. Revises Botswana’s Reciprocal Tariff Rates

Reduces tariffs from 37% to 15% Botswana has welcomed the...

President Boko Commends Table Bay Logistics for Advancing Botswana Beef Exports

President Duma Boko has praised Cape Town-based Table Bay...

Botswana President Buttresses Need for Water Security at Cape Town Summit

President Duma Gideon Boko has unveiled Botswana’s ambitious vision...
spot_img

Related Articles

Popular Categories